SBA 7(a)Committed, not yet disbursed

KING'S HEATING & AIR INC

GAINESVILLE, FLRenasant BankPlumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

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APPROVAL AMOUNT

$2,538,000

PROGRAM

SBA 7(a)

10 years term

APPROVED

2026-05-13

8.75% rate

JOBS SUPPORTED

Borrower-reported

Estimated monthly payment

MONTHLY

$31,808

AT RATE

8.75%

recorded at approval

TOTAL INTEREST

$1,278,952

over 10 yrs

TOTAL REPAID

$3,816,952

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION

GAINESVILLE, FL 32609

INDUSTRY

Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

8.75%

LOAN STATUS

Committed, not yet disbursed

CONGRESSIONAL DIST.

GAINESVILLE, FL 32609

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